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Property profile & analytics
FOR SALE
Manufacturing properties
14089 Meridian Pkwy Riverside, CA 92518
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-2121699
For Sale
Contact for pricing
14089 Meridian Pkwy, Riverside, CA 92518
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2022
Construction
TILT-UP CONCRETE
Total area
82,964 SF
Lot
4.55 ac (198,198 SF)
APN
297-100-083
UPID
US09-2121699
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$50.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$50.36M
Owner & transaction history
Ch Rlty Ix I Riverside Meridian Sou · 2 yrs held
Ch Rlty Ix I Riverside Meridian Sou
since 2024
Last sale
$50.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$71.4M
+253.3%
Restaurant
$39.3M
+94.6%
Auto repair, garage
$36.8M
+81.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$50,360,000
ML approach
$50,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$71,410,000
Change: +253% · Conversion: Difficult
RESTAURANT
$39,340,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$36,760,000
Change: +82% · Conversion: Easy
Blend value · Realmo final
$50.36M
Range $45.32M – $55.40M · ±10% · vs last sale $50.36M (Jan 25 2024)
Last sale anchor
$50.36M
Jan 25 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$607 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$202,151
Tax year 2024
Assessed value
$17,722,760
Assessed 2024
Previous assessed
$17,722,760
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$9,779,760
Assessed improvement
$7,943,000
Applied tax rate
80.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
2022
Construction
TILT-UP CONCRETE
Stories
1
Total area
82,964 SF
Lot
4.55 ac (198,198 SF)
APN
297-100-083
UPID
US09-2121699
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$71.4M
RESTAURANT
Est. value
$39.3M
AUTO REPAIR, GARAGE
Est. value
$36.8M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Construction
TILT-UP CONCRETE
Stories
1
Lot
4.55 ac
Current owner
From public records · entity-resolved
Ch Rlty Ix I Riverside Meridian Sou
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 8300, PERRIS, CA 92572-8300
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
Ch Realty Ix/i Riverside Merid
—
Deed
related
$52,850,000 · Mesa West R/e Income Fund
Jan 25, 2024
—
Ch Rlty Ix I Riverside Meridian Sou
Eastern Municipal Water District
Quit Claim Deed
related
—
Nov 9, 2022
—
Ch Rlty Ix I Riverside Meridian Sou
Ch Rlty Ix I Riverside Meridian Sou
Correction Deed
related
$64,757,000 · Comerica Bank
Jan 13, 2022
$50,362,000
Ch Rlty Dc I Riverside Meridian Sou
Meridian Park LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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